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Oil & Gas

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

LNG
23-05-2022

Natural Gas Prices Under Pressure From Soaring U.S. Demand
U.S. natural-gas prices have hit their highest level in 14 years as North American producers scramble to replenish supplies with demand soaring and storage levels declining.
OPEC
23-05-2022

Five Major Challenges Facing the Energy Industry
Record-high prices at the pump, a looming diesel shortage right when the summer season is starting, and an uncooperative OPEC are probably reasons for many headaches among government officials around the world.
Natural Gas
20-05-2022

‘Finland Could Be Cut off Gas by Russia This Week’
Finland’s state-owned energy provider has warned that there is “a real risk” of natural gas supply.
Natural Gas
19-05-2022

Netherlands to Ban Fossil Fuel Boilers From 2026
Dutch homes will have to install sustainable heating systems, such as a hybrid heat pumps, instead.
Oil Price
19-05-2022

Saudi Arabia’s Oil Revenue Expected to Rise 66% To $249BN
Jadwa Investment estimates Riyadh's expenditure to increase by 5% this year.
LNG
18-05-2022

GE Secures Order for 1.6GW Combined Cycle Plant in Vietnam
GE has secured an order to provide power generation equipment for energy company PetroVietnam Power Corporation’s (PV Power) Nhon Trach 3 and 4 combined cycle power plant.
Natural Gas
16-05-2022

Surging Natural Gas Prices Squeeze U.S. Industrial Sector
Skyrocketing natural gas prices have raised manufacturing and transportation costs across many U.S. industries, and the situation should persist as the United States exports more gas to Europe to make up for Russian supplies lost to sanctions.
Natural Gas
16-05-2022

Natural Gas Has Potential to Expand Significantly over the Coming Decades in G20 and Propel South East Asia’s Growth Trajectory
The upcoming G20 Energy Ministerial under the Presidency of Indonesia signals an opportunity to emphasise the soaring role of natural gas in satisfying growing energy needs of G20 and recognise importance of natural gas for the World.
Oil Price
16-05-2022

Oil Prices Drop on Profit-Taking, Supply Fears Linger
Oil prices slipped on Monday, giving up earlier gains as investors took profits after a surge in the previous session, but global supply fears loomed with the European Union preparing to phase in a ban on imports from Russia.
Natural Gas
16-05-2022

Spain and Portugal Target Price Cap for Natural Gas to Combat Skyrocketing Inflation
Spiralling inflation has triggered a fresh round of state intervention in Europe, with both Spain and Portugal stepping into their domestic energy markets to cut prices for consumers.
Russian Federation
16-05-2022

Gazprom Books Gas More Transit Capacity for Monday, Ukrainian Operator Says
Russian state gas company Gazprom booked transit capacity of 65.20 million cubic metres for May 16 via the Sudzha entry point.
Oil Price
16-05-2022

Oil Giant Aramco Reports Record First Quarter as Oil Prices Soar
Oil giant Aramco reported a more-than 80% jump in net profit Sunday, topping analyst expectations and setting a new quarterly earnings record since its IPO.
LNG
13-05-2022

India Looks to Import More LNG amid Rising Demand
Gas demand from households in cities and from the transportation sector in India is currently outpacing supply.
Crude Oil
13-05-2022

More Oil From U.S. Strategic Petroleum Reserve Heads to Europe
Europe is set to receive more cargoes of U.S. crude from the Strategic Petroleum Reserve (SPR) as the European Union discusses an oil embargo on Russia and looks to reduce reliance on Russian oil.
Crude Oil
13-05-2022

Shell Agrees to Sell its Russian Petrol Stations
LUKOIL will buy Shell’s Russian retail and lubricants businesses
Oil & Gas Supply
13-05-2022

Europe Eyes Gas-Rich African Nations for New Supplies, Rystad Says
Africa is conservatively forecast to reach peak gas production at 470 billion cubic meters (Bcm) by the late 2030s, equivalent to about 75 per cent of the expected amount of gas produced by Russia in 2022.
Oil & Gas Supply
13-05-2022

Russia Could Cut Gas Supply to Finland on Friday
Key Finnish politicians have been warned that Russia could halt its gas supplies to neighbouring Finland on Friday.
OPEC
13-05-2022

OPEC+ Misses Production Target by Whopping 2.7 Million Bpd
All 13 members of OPEC saw their production rise by just 153,000 barrels per day.
Crude Oil
12-05-2022

China's Shenghong Resumes Crude Buying Ahead of Refinery Commissioning
China's private refining complex Shenghong Petrochemical has resumed crude oil purchases ahead of the commissioning of its new refinery, sources with knowledge of the matter told S&P Global Commodity Insights on May 11.
Natural Gas
12-05-2022

Mozambique’s First Offshore Natural Gas Extraction Project is Underway
Sarens has announced its involvement in a natural gas extraction project in Mozambique which, once inaugurated in mid-2022, will be one of the largest in the world.
Energy Transition
11-05-2022

Insurance Giant Allianz Sets Oil and Gas Exit Strategy
The world’s fifth-largest insurance company, Allianz, is withdrawing coverage and investment dollars from a wide swath of fossil fuel projects as of next year.
Oil Field
11-05-2022

Norway’s Equinor Sells Shares in Two North Sea Fields for over $1 Billion
Norwegian state-owned giant Equinor and its compatriot Sval Energi have entered into an agreement for the sale of Equinor’s non-operated share in two North Sea fields.
Crude Oil
11-05-2022

Opec to Attend Iraq Energy Forum in June
Opec said it will participate in the sixth Iraq Energy Forum in Baghdad from June 18-20.
Oil Price
10-05-2022

Equinor Sells Stakes in 2 Norway Fields to Sval Energi
Norwegian oil major Equinor said on Tuesday it had agreed to sell its 7.6% stake in Norway's giant Ekofisk field as well as a 19% stake in the Martin Linge field to private equity-backed Sval Energi.
Yemen
10-05-2022

UN Spearheading Efforts to Raise $80 Million to Prevent Major Oil Spill off Yemen
The world’s universal global organization, the United Nations, is working on raising the funds required for the implementation of its plan to address a threat posed by an FSO unit off the Yemen coast.

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